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tht City frem detarmining tl'* real or aettital valwr of paroprrtp usad or <br />useful in rtndrring such sorvi+c+t. Tf: and wheny th~ City ~~ci1o oar <br />oth+er govN►rning body shal2 txerois* i:h1k powor tc fix tho xatss t►o b1► <br />chargad for swsh s+rrvice in the City cf Paris rw ailowan+ar in th* way Qf <br />said rat►o, shall be made as eaampensatie>n far anY MoPorty usrd or con• <br />swmed in rendering the service by the gran#.ew lertin far suth sfrvice. <br />IF, and when# the City Council docid*s ta regulato xates, thIdn at sueh <br />tim th* Counc.il wil1 fuliy exex¢ise it# ratr regutatory porver ur,des ths, <br />pro'aisians o f law applicabl• the"to' and tlo faiiure to provide under <br />t.hia ordinanw the xaeMn#sy foa the administsativ*, legials'tive or <br />rxsautiw eon#roI of such mattor shall rmt pacoclud* the CQUncil from <br />fu11y 4xorcising thafi power and prmviding suitabl• provisions to +rnforae <br />sttCh parwlr. <br />Secttan 18. Shhould it bo dstominrcl that any ciauM f aandition, <br />ar ocwnant of tlai• franchi" 1sp for any zrasor►, i11ogai or urvantomablo, <br />suciY clauso, +aondltfen er oovonant shali 1e dfsrirgaxdeci and the ec,tstenoo <br />of the •aw sha21 rw►t atfect the remaining a2aus*s, cocrditions c►r covenants <br />of this franehise. <br />Sectf.on 19. That any urnrarran#ed And fntentionsl neg1aCt, failure <br />ar anrfusal of •aid grantee to compTy wlth any af ttut conditions anci stipu- <br />lstions cantaintd in sald fxanehis* sha31 theroupon immediatoly# i,pso facta, <br />•fffct a forfiitarr trnt"of, snd the •aid City, by ths City Cauncil„ may <br />t}artupon +declart. *ad frar►chist for#oit*d, ared raay exclu+do said gzsnt" <br />fxnm furthes ns• ot'the staceets af swld City under said fsenchis*, and said <br />qrantoru st►aIl tlo"upc►n and iuamrdiats2y sarrtnd+rx al2 s3ghta in and ts the <br />~amt, and satd fsanehisr •hall bedow► nuil and void and of no •ffsat. <br />Seotion 20. Within ten (10) days aftrrr the third and final reading <br />of this ordinanes an+d its p"Sag* by fire City Counti2, the gatantes hr"in <br />#hali file with the City Clark, in w*iting, tho accsptun+se of tho-term trsd <br />provisatons of this grarit. <br />S"ion 2I. 1'.ttis arclieansrr shall bsep~:;@ of focfiiYe sistx .(60) frQm and aft+tr the'4t,e af ite.`pa"a,ge and adoptLng on th3rd and finaI <br />mding. <br />Introc}uced, read and passed on first reading at a regular meeting <br />of the City Council ~)n the lOth day of October, 1955; iritroduced, read <br />and passed on second reading at a reqular meeting of the City Council on <br />the 14th day of iJovember, 1955; introduced, read and passed cn third and <br />17inal reading at a reyular meeting of the City Ccuncil on the 12th day of <br />December, 1955. <br />Mayor <br />ATTEST: <br />~ . _ <br />City Cler;c. <br />APPRO'JED AS TO FORivt: <br />~ <br />City A±torney. <br />